StockNews.com Revises Rating for Office Properties Income Trust OPI to Sell

On a notable Saturday, analysts at StockNews.com adjusted their stance on Office Properties Income Trust NASDAQ:OPI, shifting from a 'hold' recommendation to a 'sell'. This change in rating reflects a reevaluation of the REIT's prospects amid the trading community.

Analyst Opinions on OPI

Various analysts have recently shared their insights regarding OPI. B. Riley cut their price target from $19.00 to $17.00 yet maintained a 'buy' standing, showcasing a mixed outlook from the financial sector. Meanwhile, Morgan Stanley reaffirmed an 'underweight' rating, with a stark $5.00 price target, signaling caution amid the market trends for OPI.

Trading Performance of OPI

Office Properties Income Trust, trading as NASDAQ:OPI, saw its shares open at $4.82 most recently, following a trail of significant fluctuations. The company's market capitalization stands around $235.02 million, with financial ratios indicating challenging conditions: a PE ratio at -8.93, a P/E/G ratio at a mere 0.11, and a beta of 1.27. Over time, OPI has demonstrated considerable range, having a 52-week low of $3.75 and a high of $18.10, while its moving averages bring to light the underlying volatility in its share price.

Institutional Activity in OPI

In the investment sphere, hedge funds and institutional investors have shown varying levels of engagement with OPI. Lindbrook Capital LLC, for instance, reported an impressive leap in holdings by 8,694.7% recently, signifying bullish investment behavior. In contrast, Fifth Third Bancorp NASDAQ:FITB, headquarted in Cincinnati, Ohio, expanded its OPI shareholdings by 378.6%, suggesting a strategic accumulation of assets. Other market participants like EMC Capital Management enhanced their positions, while newcomers to the OPI landscape such as Bessemer Group Inc. and Mackenzie Financial Corp marked their entry with fresh investments. Altogether, institutional investors hold a substantial 75.42% of OPI's stock, indicating sustained interest from heavyweight financial entities.

About Office Properties Income Trust

NASDAQ:OPI dedicates itself to the ownership and leasing of office and mixed-use real estate, prizing locations in growth-oriented US markets. With approximately 20.8 million square feet spread across 155 properties, OPI's tenant portfolio boasts an admirable 63% investment-grade rating as of its last reporting date. The company's commitment to sustainability is notable, with a sixth consecutive annual recognition as an Energy Star Partner of the Year.

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